Page 1794 - Business Finance
Nissan shares set to tank on Ghosn's arrest over financial misconduct
TOKYO (Reuters) - Shares of Nissan Motor Co <7201.T> were overwhelmed with sell orders on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan's No.2 automaker and its global alliance.
South Korean shipbuilders' lock on LNG tanker market to hold for years
SEOUL/TOKYO (Reuters) - South Korean shipyards have boxed out their Japanese rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion.
Societe Generale to pay $1.4 billion to settle cases in the U.S.
PARIS/WASHINGTON (Reuters) - French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.4 billion to resolve pending legal disputes.
Crude rises slightly despite oversupply fears
NEW YORK (Reuters) - Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
Colfax churns its business with $3.15 billion purchase of medical device maker
(Reuters) - Colfax Corp made a big bet on the medical device industry with its $3.15 billion purchase of DJO Global Inc, but its shares fell 15.2 percent as investors worried about its shift away from its industrial roots to a completely new sector.
Apple, trade woes sink stocks; growth worries drag on dollar
NEW YORK (Reuters) - World stock markets fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment.
Wall Street tumbles as Apple, internet stocks swoon
NEW YORK (Reuters) - U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market.
Danske whistleblower says big European bank handled $150 billion in payments
COPENHAGEN (Reuters) - The whistleblower who revealed alleged money laundering involving Danske Bank said on Monday that a major European bank helped process up to $150 billion in suspicious payments, or nearly two-thirds of the transactions under scrutiny.
Gold edges up as dollar dips on U.S. interest rate uncertainty
BENGALURU (Reuters) - Gold inched up on Monday as the dollar fell, but the metal stayed in a tight range as investors held off on big moves ahead of the U.S. Thanksgiving holiday on Thursday.
GE shakes up power unit leadership, taps retired exec to help
(Reuters) - General Electric Co shook up its ailing power business again on Monday, naming a CEO for its new gas-power division and bringing a veteran GE executive back from retirement to help.
Wall Street hit by Apple and Internet shares, trade worries
NEW YORK (Reuters) - The Nasdaq slumped nearly 3 percent and the Dow and S&P fell more than 1 percent on Monday as investors pulled out of Apple and internet shares, while conflicting signals over the state of play between the United States and China on their trade dispute added to caution.
Global stocks weighed by Apple demand woes, trade tensions
NEW YORK (Reuters) - World stocks fell on Monday as worries about softening demand for the iPhone dragged down shares of Apple Inc and persistent trade tensions between China and the United States sapped investor sentiment.
RBI board agrees to support small firms, ease capital norms
MUMBAI/NEW DELHI (Reuters) - The board of the Reserve Bank of India advised it to act to support small businesses and give banks more time to step up capital norms, following weeks of pressure from Prime Minister Narendra Modi's government to spur lending ahead of elections.
Societe Generale to pay $1.34 billion fine for sanctions violations: Federal Reserve
WASHINGTON (Reuters) - French banking giant Societe Generale on Monday agreed to pay U.S. federal and state authorities $1.34 billion to resolve investigations into its handling of dollar transactions in violation of U.S. sanctions, the Federal Reserve said.
Brent crude slips as investors fear another glut
NEW YORK (Reuters) - Brent crude futures fell in choppy trade on Monday, under pressure from growing supply but supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
Wall Street hammered by Apple, trade concerns
(Reuters) - The Dow Jones Industrial Average shed more than 400 points on Monday, as a slump in Apple shares battered the tech sector, with conflicting signals over the state of play between the United States and China on their trade dispute kept investors on edge.
Gold firms as dollar dips on U.S. interest rate uncertainty
BENGALURU (Reuters) - Gold firmed on Monday as the dollar fell, but the metal stayed in a tight $6 range as investors held off on big moves ahead of the U.S. Thanksgiving holiday on Thursday.
Italy says not changing budget plans as euro partners fret
BRUSSELS/ROME (Reuters) - Italy will stick with its 2019 budget plan despite criticism from the European Commission but talks are continuing, Economy Minister Giovanni Tria said on Monday after attending a meeting of euro zone finance ministers.
CII to organise largest construction equipment show in Nepal
An exhibition of the latest technology and equipments related to the construction sector is being organised here by an Indian industry body. The Confederation of Indian Industry (CII), in collaboration with the Indian Embassy in Nepal, is organising CII ConMac 2018 between November 22 and 24 at Sallah ghari Open Ground, Bhaktapur here, an official statement said. More than 150 exhibitors from India and other countries will showcase their products and ideas during the three-day international exhibition. The event is expected to attract over 10,000 business visitors from across the country. With the participation of India government, CII ConMac 2018 - An Excon Show will be the largest focused platform for the Construction Equipment Industry to showcase their technology and equipment for the accelerated growth of the infrastructure sector in Nepal, it said. As Nepal is facing a large shortage of skilled manpower, this exhibition aims to assist and empower contractors by providing them ..
Mideast ride-hailing firm Careem working with Jefferies - sources
DUBAI (Reuters) - Middle East ride-hailing firm Careem has been working with investment bank Jefferies as an adviser on investment options and fundraising, including a potential Middle East M&A deal with Uber Technologies, three sources familiar with the matter told Reuters.